Block Inc. Plans to Issue $1.5 Billion in Senior Notes
Block Inc. plans to issue $1.5 billion in senior notes across two series, announced on August 13. The funds will support general corporate purposes such as:
- Debt repayment
- Repurchases
- Potential acquisitions
- Strategic transactions
- Capital expenditures
- Working capital expansion
The details of the offering are limited, with the final amount subject to negotiation with initial purchasers.
Following a 15% drop in Block's stock, ARK Invest acquired 262,463 shares, increasing its investment in Block to approximately 1.62% of its total portfolio, valued at around $169 million. Block Inc.'s market capitalization is reported at $45.44 billion as of August 13, 2025.
On July 23, Block Inc. joined the S&P 500 index, replacing Hess Corp.